Wedbush Securities Inc. Purchases 3,071 Shares of Union Pacific Corporation $UNP

Wedbush Securities Inc. boosted its position in Union Pacific Corporation (NYSE:UNP) by 20.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,949 shares of the railroad operator’s stock after buying an additional 3,071 shares during the quarter. Wedbush Securities Inc.’s holdings in Union Pacific were worth $4,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Union Pacific in the second quarter worth $1,856,340,000. Fisher Asset Management LLC lifted its stake in shares of Union Pacific by 0.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock valued at $1,472,217,000 after acquiring an additional 46,436 shares during the last quarter. Amundi boosted its holdings in Union Pacific by 35.6% during the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after acquiring an additional 1,255,231 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Union Pacific by 32.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after acquiring an additional 778,411 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after purchasing an additional 2,613,083 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UNP. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Citigroup reiterated a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. TD Cowen decreased their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.32.

Union Pacific Price Performance

Shares of NYSE UNP opened at $262.96 on Thursday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $263.92. The company has a 50 day simple moving average of $235.45 and a two-hundred day simple moving average of $228.14. The company has a market capitalization of $156.04 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 2.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.60 and a current ratio of 0.91.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same period in the prior year, the firm earned $2.91 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.